Pub Overview
Rare opportunity for a well-established thriving business with a separate 3 bedroom property included.
What would you do with this pub to make it even more of a success?
The area
The Glen Tavern is located in the town of Dunfermline, close to Pittencrieff Park and is surrounded by mixed housing.
Demographics
The pub benefits from being one of 6 pubs found in an area of around 8,100 adults within a 20 minute walk. The majority of the customer base is made up of mostly adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing and improving a 70/30 food & drinksoffer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment and capitalising on passing trade and quiz nights It offers a selection of a pub classic menu, a popular carvery, and popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
Features
* Function Room
* Catering Kitchen
* Outdoor Trade
Trading Area & Facilities
* Two main trading area with bar
* Outside bar
* Separate dining room with a flexible layout
* 80 internal covers
* 20 external covers
* Large kitchen
* SmartDispense
* Large rear garden complimented with a south facing beer terrace out the front
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, bathroom and a living room.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£47,428
Estimated Minimum Ingoing Costs
£16,476
Annual Rent
£35,713
Estimated Annual Turnover
£481,751
Deposit
£8,928
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£10,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Downloads
* Demographics Report Download arrow
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